Sunedison Target of Unusually High Options Trading (SUNE)
Sunedison (NASDAQ:SUNE) saw some unusual options trading on Thursday. Traders bought 167,025 call options on the stock, AmericanBankingNews.com reports. This is an increase of 545% compared to the typical volume of 25,898 call options.
A number of research firms have recently commented on SUNE. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Sunedison in a research note on Wednesday. They now have a $20.00 price target on the stock. Separately, analysts at Needham & Company reiterated a “positive” rating on shares of Sunedison in a research note on Wednesday. They now have a $20.00 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Sunedison in a research note on Wednesday. They now have a $20.00 price target on the stock, up previously from $18.00. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.80.
Shares of Sunedison (NASDAQ:SUNE) opened at 19.06 on Friday. Sunedison has a 1-year low of $3.95 and a 1-year high of $19.41. The stock has a 50-day moving average of $14.88 and a 200-day moving average of $11.33. The company’s market cap is $5.083 billion.
Sunedison (NASDAQ:SUNE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.70. The company had revenue of $960.70 billion for the quarter, compared to the consensus estimate of $1.07 billion. Analysts expect that Sunedison will post $0.08 EPS for the current fiscal year.
SunEdison Inc, formerly MEMC Electronic Materials, Inc is engaged in the development, manufacture and sale of silicon wafers.
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